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MD HB1506

Bill

Official Source

Status

Introduced

2/13/2026

Primary Sponsor

Kim Ross

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Caps initial capital contribution or similar fees for new condominium unit owners at the amount of one month's assessment paid by existing unit owners at closing

  • Applies the same fee limitation to new lot owners in homeowners associations

  • Exempts initial unit owners (original purchasers from developers) and initial lot purchasers from the fee cap

  • Adds new sections 11–135.1 and 11B–120 to the Maryland Real Property Article

  • Takes effect October 1, 2026

Legislative Description

Condominiums and Homeowners Associations - New Owner Fees - Limitations

Real Property

Last Action

Hearing 3/12 at 1:00 p.m.

2/17/2026

Committee Referrals

Economic Matters2/13/2026

Full Bill Text

No bill text available